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Politics : Formerly About Advanced Micro Devices
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To: Road Walker who wrote (172718)7/28/2003 5:01:50 PM
From: Jim McMannis  Read Replies (1) of 1575771
 
RE:"From a common sense perspective, it doesn't make much sense to depreciate something that is increasing in value by 5% to 10% per year, does it?"

Nope, just another perk for RE. These perks were intended to make it easier for people to find housing, either rental or purchase. Along with it it spurred prices to climb to about 50% over GNP. How this helps first time buyers is beyond me.

As for Rentals, they are relatively dead compared to sales.
With all the easy money out there people have been buying not renting. You're lucky to get 1/2 or 2/3s in rent vs payments of buying.

Of course this is cyclical and usually corrects.
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